New Visitor
Posts: 1
Registered: ‎10-16-2012

Legal changes to Good Faith Estimate

Can the "initial loan amount" be changed in the good faith estimate once a refi has gone into underwriting?


I know there are sections of the GFE that cannot change and some that can.  I am currently in underwriting and my lender called to say they screwed up.  They can no longer give me a $5000 credit they thought I qualified for and in order for the refi to be a no cost closing, they have to tack $5000 onto the original loan amount.  I looked if they can legally do this.  Obviously, I am looking for a loophole because I feel duped.  All along I really wanted the initial loan amount not to go up and now they changed the story. 


Does anyone have a yes no answer?  I have looked so many places online and nothing about the initial loan amount.

Senior Contributor
Posts: 3,889
Registered: ‎05-24-2011

Re: Legal changes to Good Faith Estimate

If they won't give you the money, they won't give you the money, and there isn't a legal way to make them do it.

STARTING: 11/24/10 EQ-584 EXP-648 TU04-595
CLOSED FIRST HOME 8/19/11 EQ-630 EXP-691 TU04-653
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